*** Please note that changes affecting the length of time you are attending school (i.e. changing the number of semesters you attend) may change the amount of your award. Also, changes will be made with respect to the Financial Aid Office’s guidelines.

 

GHEAC-Georgia Higher Education Assistance Corporation (SPSU’s Loan Guarantor).

MPN -Master Promissory Note.

 

*Note: Pre-Loan Counseling must be completed if you are accepting Federal Loan Funds as advised by your award letter. Loans will not disburse without Pre-Loan Counseling. If Pre-Loan Counseling is not completed within a timely manner the loan monies will be returned to the Lender.

 

The Process of FFEL Stafford Loans at SPSU.

 

Missing document letter is produced and mailed to student.

 
 

 

 

 

 

 

 

 

 

 


                                                                  Yes

 

 

 

 


Student is packaged. Award letter is created and mailed.
 
                                                                   Yes                           No

 

 

 


                                                   No

 

 

 

 

 

 


                                                                  

Award is packaged to student’s request. ***
 
  No

 


                                                                

 

 

                                                                                                 Yes

Flowchart: Decision: Were Federal Loans a part of the accepted package?                                                                        

Oval: Award is processed and is disbursed in the next disbursement cycle.
 


                                                                                                                                         

                                                                                                                                NO

 

 

 

                                                                                                   Yes

Loan application is processed (by SPSU) and transmitted to GHEAC.

 
                                                                    

                                                                                                  

                                                                                             

 

 

 

 

 


                                                                                                                         Yes

                                                                                                                         

 

                                                                                                                        

 


                                                                                                No

On-line MPN must be completed by E-signature or Print and mail.

 
                                                               

 

 


                                                                                    

 

 


Flowchart: Decision: Is MPN Complete?                                                               

GHEAC issues loan guarantee to the Borrower, School and Lender.

 
                    No                                       Yes